A prominent trader on Hyperliquid, who previously made headlines for a $150 million profit from shorting during a crypto crash, has opened another significant short position valued at over $160 million. Speculation connects this trader to Garrett Jin, the former CEO of BitForex, although these links remain unverified.

A trader who previously made $192 million by shorting Bitcoin during a recent market crash has opened a new $163 million short position on the cryptocurrency, raising speculation about possible insider knowledge due to the timing of a recent tariff announcement. Operating on the decentralized exchange Hyperliquid, the trader's position is highly leveraged and has already yielded profits, contributing to concerns about market stability amid ongoing volatility.